
% Table created by stargazer v.5.2.3 by Marek Hlavac, Social Policy Institute. E-mail: marek.hlavac at gmail.com
% Date and time: Wed, May 29, 2024 - 10:33:01
\begin{table}[!htbp] \centering 
  \caption{GDP Growth and Credit Spread} 
  \label{Severity regression on GDP Growth} 
\begin{tabular}{@{\extracolsep{0pt}}lcccccccc} 
\\[-1.8ex]\hline 
\hline \\[-1.8ex] 
 & \multicolumn{8}{c}{\textit{Dependent variable: GDP Growth from $t$ to $t+3$}} \\ 
\cline{2-9} 
\\[-1.8ex]
 & \multicolumn{2}{c}{Static Belief} & \multicolumn{2}{c}{Bayesian} & \multicolumn{2}{c}{Diagnostic} & \multicolumn{2}{c}{Data} \\ 
\\[-1.8ex] & (1) & (2) & (3) & (4) & (5) & (6) & (7) & (8)\\ 
\hline \\[-1.8ex] 
 $\Delta$credit spread$_t*$crisis$_t$ & $-$4.88 &  & $-$2.87 &  & $-$3.44 &  & $-$7.46 &  \\ 
  &  &  &  &  &  &  &  &  \\ 
  $(\frac{\text{bank credit}}{\text{GDP}})_t*$crisis$_t$ &  & $-$0.98 &  & $-$2.18 &  & $-$3.49 &  & $-$0.95 \\ 
  &  &  &  &  &  &  &  &  \\ 
 \hline \\[-1.8ex] 
Observations &  &  &  &  &  &  & 641 & 641 \\ 
\hline 
\hline \\[-1.8ex] 
\multicolumn{9}{p{0.95\textwidth}}{\footnotesize \textit{Note}: 
                                       Model and data regressions are normalized so that the coefficients reflect the impact of one sigma change in spreads, and bank credit/GDP. 
                                       }
\end{tabular} 
\end{table} 
